DEVENS, Mass. -- American Superconductor Corporation (NASDAQ:
AMSC), a global energy technologies company, today announced that it has
formed AMSC India to serve India's rapidly growing wind energy and
power grid markets with AMSC's power electronics and
superconductor-based solutions. With its regional head office in Delhi
and a service office in Pune, it will provide local applications
engineering, sales, business development, and field service support.

"India is beginning to tap into its renewable energy resources
and is making significant investments to vastly improve the throughput
and reliability of its power grid," said Greg Yurek, founder and
chief executive officer of AMSC. "Our advanced power electronics
and superconductor solutions are well positioned to address these needs
both in the near and long term. AMSC India has been formed to provide
high-quality local technical support for our new wind power customers
and build a strong foundation for future sales into India's broader
renewable energy and power grid markets."

According to the World Bank, roughly 40 percent of residences in
India are without electricity, and blackouts are a common occurrence
throughout the country's main cities. To address this shortfall,
the Indian government has established an ambitious "Power for All
by 2012" plan that will require the country's installed
generation capacity to grow from 140,000 megawatts (MW) to nearly
225,000 MW by 2012. It also will require billions of dollars of
investment in India's transmission and distribution infrastructure.

According to the Global Wind Energy Council's Global Wind 2008
Report, India now ranks fifth in the world in terms of total installed
wind power capacity. Capacity in the country grew by 22 percent in 2008
to 9,600 MW. The Indian Wind Energy Association estimates that the
country has 65,000 MW of wind power potential.

AMSC's first two wind turbine manufacturing customers in India
are Ghodawat Energy Limited and Inox Wind Limited. Both licensed AMSC
Windtec[TM] turbine designs within the past 18 months. AMSC, which is
the exclusive power electronic system supplier for all Ghodawat and Inox
wind turbines, announced today that it has received initial orders for
five wind turbine electrical systems from Ghodawat and three wind
turbine electrical systems from Inox.

Ghodawat, based in Kolhapur in the state of Maharashtra, India,
will use the electrical systems for its initial production of 1.65 MW
wind turbines designed by AMSC Windtec. Ghodawat, in collaboration with
AMSC Windtec and AMSC India, has successfully erected and tested its
first reference 1.65 MW wind turbine.

Inox, located in Noida in the state of Uttar Pradesh, India, plans
to begin volume production of 2 MW wind turbines designed by AMSC
Windtec in 2010. Inox is in the process of collaborating with AMSC
Windtec and AMSC India to erect its first reference wind turbine prior
to initiation of volume production in 2010.

About American Superconductor (NASDAQ: AMSC)

AMSC offers an array of proprietary technologies and solutions
spanning the electric power infrastructure - from generation to delivery
to end use. The company is a leader in alternative energy, providing
proven, megawatt-scale wind turbine designs and electrical control
systems. The company also offers a host of Smart Grid technologies for
power grid operators that enhance the reliability, efficiency and
capacity of the grid, and seamlessly integrate renewable energy sources
into the power infrastructure. These include superconductor power cable
systems, grid-level surge protectors and power electronics-based voltage
stabilization systems. AMSC's technologies are protected by a broad
and deep intellectual property portfolio consisting of hundreds of
patents and licenses worldwide. More information is available at
www.amsc.com.

American Superconductor and design, Revolutionizing the Way the
World Uses Electricity, AMSC, Powered by AMSC, D-VAR, dSVC, PowerModule,
PQ-IVR, Secure Super Grids, Windtec and SuperGEAR are trademarks or
registered trademarks of American Superconductor Corporation or its
subsidiaries. All other brand names, product names or trademarks belong
to their respective holders. The Windtec logo and design is a registered
European Union Community Trademark.

Any statements in this release about future expectations, plans and
prospects for the company, including our expectations regarding the
future financial performance of the company and other statements
containing the words "believes," "anticipates,"
"plans," "expects," "will" and similar
expressions, constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. There are a number
of important factors that could cause actual results to differ
materially from those indicated by such forward-looking statements. Such
factors include: we have a history of operating losses, and we may incur
losses in the future; a significant portion of our revenues are derived
from a single customer, and a reduction in business with this customer
could adversely affect our operating results; adverse changes in
domestic and global economic conditions could adversely affect our
operating results; changes in exchange rates could adversely affect our
results from operations; our common stock may experience extreme market
price and volume fluctuations, which may prevent our stockholders from
selling our common stock at a profit and could lead to costly litigation against us that could divert our management's attention; if we fail
to implement our business strategy, our financial performance and our
growth could be materially and adversely affected; we may not realize
all of the sales expected from our backlog of orders and contracts; many
of our revenue opportunities are dependent upon subcontractors and other
business collaborators, and a reduction in orders stemming from these
companies could adversely affect our operating results; our products
face intense competition, which could limit our ability to acquire or
retain customers; our success is dependent upon attracting and retaining
qualified personnel and our inability to do so could significantly
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subject to risks that we do not face in the U.S., which could have an
adverse effect on our operating results. Reference is made to these and
other factors discussed in the "Risk Factors" section of the
company's most recent quarterly or annual report filed with the
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subsequent events and developments may cause the company's views to
change, the company specifically disclaims any obligation to update
these forward-looking statements. These forward-looking statements
should not be relied upon as representing the company's views as of
any date subsequent to the date this press release is issued.

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